Email Copy Link Copied Some people are born and quickly find a purpose. Established in and owned by the same family for over years, Beretta had its humble beginnings as a supplier of arquebus barrels to the Arsenal of Venice. But there are also those companies who wander aimlessly in the general direction of a strategy.
This guide to launching a cable TV company takes you step-by-step from start to success. Cable Industry Overview Cable television can be an extremely lucrative and competitive industry. Originally, cable was designed to provide TV service to areas that were inaccessible to over-the-air broadcasting.
But with the deregulation of the industry, the doors swung open and the cable burgeoned into a 21st century industry in which viewers can now access literally hundreds of channels. As you might expect, launching a new cable TV company is no small endeavor.
Successful entrepreneurs understand that the startup process can be long and grueling. Common Challenges for Cable TV Startups Cable TV entrepreneurs need to be prepared to navigate a wide range of hurdles and obstacles on their path to success. Some of the challenges you face will take time to overcome; others may be less daunting depending on your capital position and cable industry experience.
Nonetheless, there are a handful of common challenges that every cable TV entrepreneur needs to address. Finding the right geographic territory for a cable company launch is the first step of the startup process.
As a result, you may struggle to meet subscription goals in inner city and rural areas. Think it costs a lot of money to launch a viable cable company? Cable company startup costs vary wildly based on size and scope, but expect to invest hundreds of thousands if not millions in your startup.
That makes investor acquisition essential for executing your startup. As a cable company entrepreneur, you need to hire early and hire well. For more information about the practical, regulatory and professional requirements involved with a cable company startup, we advise startup entrepreneurs to connect with the National Cable Television Association NCTA.
If not, your company is lacking a critical business tool. A professional business plan writer can be a big help in creating a first-rate plan. Time and time again, the best entrepreneurs we see rely on professionally crafted plans to guide their decision making.
Use the link below to get a list of local competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of cable TV companies near you. How tough is the competition in the market you are considering?
If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
The last thing they want to do is help you to be a better competitor. In fact, they are often very willing to share startup advice with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you. Tough decisions are what business ownership is all about.
Despite the appeal of a new business launch, the scales consistently tip in favor of buying a proven business enterprise. When you buy an established cable TV company, you gain access to a functional business operation with a customer base and a steady revenue stream.
Entrepreneurs who are committed to a highly unique value proposition may need to pursue a startup approach. But whenever possible, we recommend carefully surveying the business-for-sale marketplace before committing to a startup approach.
Consider Buying a Franchise The chances of making a success of your new business are substantially improved if you purchase a franchise and leverage their successful brand and track record.
If your goal is to start a cable TV company, you may want to assess whether franchising might make your life much easier.Korn Ferry, which has conducted the research for the World's Most Admired Companies list since , is a global management consulting firm.
For information about Korn Ferry's services, go to http. View Homework Help - Have the cable companies found a successful new from IP-FTI at Islamic University of Indonesia. Case Study: WillTVSuccumbtotheInternet?
Abdurahman Fahmi () Powerful. For instance, instead of suing when cable companies rolled out their own DVRs, TiVo waited to see if they could work out a deal, because it was reliant on the TV providers.
Small business owners who don't take time to understand the new tax law now may have a painful filing season next spring Nov 21 US home sales rose percent in October, breaking six-month losing.
Have the cable companies found a successful new business model to compete with the Internet?
Why or why not? Yes, they already found a way to compete with the Internet. Chapter 3 Achieving Competitive Advantage with Information Systems Chapter 3 Achieving Competitive Advantage with Information Systems. 8/19/ 3 3.
Substitute products and services • Have the cable companies found a successful new business .